British tourism will thrive – from the EU and beyond and whatever the weather November 9, 2018 Tourism is worth £66bn a year to the British economy, and its importance to our country will only continue to grow. This week, London’s Excel hosted the World Travel Market. It is the UK’s most significant annual tourism event, where deals worth almost £3bn are estimated to have been signed. Some 50,000 visitors are believed [...]
Jobs will stay in City after Brexit, says top asset manager November 8, 2018 Jobs will not leave the City of London in huge numbers after Brexit, the head of one of the country’s biggest asset managers has said. Martin Gilbert, the co-chief executive of Standard Life Aberdeen, said he is “positive” about the City’s future, and believes Dublin will be the big winner as jobs are created there [...]
Watch out for Brexit scammers, says UK financial regulator November 8, 2018 Scammers might seek to take advantage of uncertainty around Brexit to trick unsuspecting Brits, the Financial Conduct Authority (FCA) warned today. The regulatory said consumers should beware of unexpected calls, emails and text messages, and told consumers never to hand over their debit card pins. The warning came as part of a notice advising consumers [...]
Brexit uncertainty boosts Wincanton profits November 8, 2018 Logistics firm Wincanton reported strong results for the six months to the end of September as British companies scramble to prepare for a no-deal Brexit. The figures Wincanton’s revenue was up a marginal 0.1 per cent to £581.8m. Profit before tax rose 48 per cent to £30.1m. Cash flow was up to £33.5m from [...]
Dyson welcomes EU court battle victory that defeats ‘anti-competitive’ vacuum cleaner regulation November 8, 2018 Household appliance maker Dyson successfully overturned EU regulation on the energy labelling of vacuum cleaners today after a lengthy legal battle. The British manufacturer argued tests to establish the energy efficiency of vacuum cleaners were misleading. Billionaire James Dyson's company said the test, which calculates efficiency when vacuum dust bags are empty, discriminated against its own bagless products. [...]
Foreign secretary Jeremy Hunt says UK-France bond ‘bigger than Brexit’ November 8, 2018 Foreign secretary Jeremy Hunt has said Britain and France will continue to enjoy "the bond of friendship" for decades after the UK leaves the European next March. Speaking in Paris, Hunt, who was made foreign secretary after a long stint as the health secretary, praised the relationship between the UK and France as "one of [...]
Fintech startup Monese crashes a ‘Brexit meteorite’ in front of London’s King’s Cross station November 8, 2018 London-based digital banking fintech startup Monese today unveiled its Brexit warning to UK consumers, as its Meteorite sculpture smashes into the ground in front of King's Cross station. The installation is designed to pique the interest of passersby on what life could be like post-Brexit. It was claimed in September that the UK will be the last [...]
The tech revolution could be a catastrophic setback for civilisation November 8, 2018 Social earthquakes are looming fast from the emerging wave of automation and the tech revolution. We’ve all seen the headlines about artificial intelligence (AI), the rise of the robots, self-driving cars, and leaps forward in machine learning. But does society realise what is coming? Will it prepare itself? Can the scale and speed of change [...]
London house prices set to slide as caution lingers in the UK property market November 8, 2018 Fears of flat activity in London’s housing market were underlined by a new closely-followed survey this morning, which suggested property prices will continue to sink as buyer caution looms over the capital. According to data released today from the Royal Institution of Chartered Surveyors, 41 per cent more respondents have predicted a further fall rather [...]
Theresa May invites ministers to preview draft EU deal November 7, 2018 Theresa May has invited Cabinet ministers into Downing Street to catch a glimpse of the UK’s draft deal with the European Union. The deal being discussed is not the full withdrawal agreement and crucially does not contain the protocol on Northern Ireland, which Downing Street said was still to be finalised as negotiations were ongoing. The [...]